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D-Wave Quantum QBTS Principal recoveries of loans previously charged off

Principal recoveries of loans previously charged off at other companies

Camden National logo
Camden NationalCAC
$234K+82.8%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$1.05M-13.4%
D-Wave Quantum logo
D-Wave QuantumQBTS
$239.75K
Union Bankshares logo
Union BanksharesUNB
$4K-20.0%
Union Bankshares logo
Union BanksharesUNB
$4K-20.0%
Camden National logo
Camden NationalCAC
$234K+82.8%

Other financials

Income statement

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Revenue$3.1M-0.6%
Gross profit$1.7M-13.8%
Operating income-$53.3M-101%
Net income-$48.0M+71.3%
EPS (diluted)-$0.13+76.4%

Balance sheet

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Cash & equivalents$296.6M-63.8%
Total debt$48.0M+20.0%
Total equity$1.1B+56.0%
Total assets$1.2B+37.3%

Cash flow

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Operating cash flow-$28.5M-86.5%
CapEx$4.4M+493%
Free cash flow-$32.9M-105%

Valuation

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Market cap$7.73B+30.1%
Enterprise value$7.48B+45.0%
P/S622.3×+356×

Profitability

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Gross margin64.2%-18.3pp
Operating margin-1,372.9%-2,100pp
Net margin-2,001.6%+2,806pp
FCF margin-958.4%-1,451pp

Returns & leverage

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Return on equity-28%
Debt / equity0.0×
Current ratio20.5×-22.4×

Where this comes from

Reported directly by D-Wave Quantum in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromRecoveriesOfLoanPreviouslyChargedOff.

The source filing: D-Wave Quantum’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:13 PM EST
Fiscal year
FY2025
Accession
0001907982-26-000026
(in thousands)Year Ended December 31, 2025Year Ended December 31, 2024
Purchase of property and equipment(3,862)(2,106)
Purchases of marketable debt securities(247,787)
Purchase of convertible note(1,000)
Proceeds from recovery of previously written-off convertible note959
Sales of marketable securities254
Expenditures for internal-use software(445)(289)
Net cash used in investing activities(251,135)(3,141)
Cash flows from financing activities:

Item 1. Financial Statements

FAQ

What is D-Wave Quantum's principal recoveries of loans previously charged off?
D-Wave Quantum (QBTS) reported principal recoveries of loans previously charged off of $239.75K in Q4 2025.
What does principal recoveries of loans previously charged off mean?
Cash inflows resulting from the collection of principal amounts on loans that were previously written off as uncollectible. This indicates successful recovery efforts or improved credit conditions for previously impaired assets.

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